The Nigerian Content Development and Monitoring Board has said it is finalising a new procurement framework known as the Nigeria First Procurement Policy, aimed at prioritising local content participation in the oil and gas value chain and ensuring energy sufficiency.
This effort, which aims to deepen the Federal Government of Nigeria’s First Policy and was announced by the Executive Secretary of NCDMB, Felix Ogbe, during the 24th Nigerian Oil and Gas Energy Week on Monday in Abuja, is designed to deepen indigenous participation across the industry and advance the nation’s energy sufficiency goals.
According to him, the policy mandates that all goods and services produced or readily available within Nigeria will not be sourced from foreign suppliers unless there is clear evidence of insufficient local capacity.
Ogbe also revealed plans to commission a comprehensive baseline study to verify the current capacity of indigenous service providers and manufacturers supplying goods to the oil and gas value chain.
Speaking in his keynote address, the executive secretary said the policy is a deliberate move to entrench local capacity utilisation and reduce the dependence on foreign inputs in Nigeria’s energy sector.
